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NEW YORK (AP) -- The chief financial officer for Mellanox Technologies Ltd., which designs chips to help network components communicate, exercised options for 14,882 shares and then sold 25,000 shares of common stock, according to a Securities and Exchange Commission filing Monday. In a Form 4 filed with the SEC, Michael Gray reported he exercised the options Friday for $3.50 apiece then sold the shares the same day for $17 to $17.68 apiece. Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction. Mellanox Technologies is based in Israel.
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